Friday, 8 March 2013

Missed Buying NF around 5907 as it shot up to 5916 in early trade. Failure to move beyond 5932 resulted in Momentum Loss. Shorted at 5926 (SL 5942). Formed a rectangle between 5930 - 5920. Break of Rectangle on the Downside. Was a expecting a move to 5900 (at the least). But NF reversed near 5910. Booked part at 5911. Exited Shorts @ 5916. Went long around 5920, as "Price rejection" near 5910 was fast. Break of Day high lead to a beautiful Upmove. Expecting Previous High (Congestion) of 5979 as resistance. Just over shot 5979 and "High" rejected.   

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